Certificate Authority Market By Component (Certificate Types, and Service), By Validation type (Extended Validation, Organization Validation, and Domain Validation), By Organization Size, By Industry Vertical, and Region - Global Forecast to 2027

The global certificate authority market is estimated to be valued at US$ 0.07 Bn in 2019, and is expected to register a CAGR of over 10.2%. The report offers in-depth insights, revenue details, and other vital information regarding the global certificate authority market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global certificate authority market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global certificate authority market is segmented on the basis of component, validation type, organization size, industry vertical, and region.

CA authenticates an entity and promises for that identity by issuing a digitally signed certificate, and can also manage, revoke, and renew certificates. CA can be public or private, wherein a public CA provides certification services, typically for a fee, to the public over the Internet. On the other hand, a private CA provides the services to members of a delimited population such as employees of a business or members of some other private group.

Global Certificate Authority Market Dynamics:

Increasing demand for certificate authority to securely identify and access online activities is expected to drive growth of the global market over the forecast period. In addition,

Increasing need for authenticating website’s identity and ensuring secure transformation of data between website and its clients.

Code signing certificates from publicly trusted certification authorities fulfill a vital need for authentication of software distributed over the Internet, owing to rapidly growing adoption of Internet of things technology that provides access to the millions of applications for desktops, laptops, and mobile devices

Comodo Code Signing Certificates allow user to add digital signatures to executables, enable software developers to include information about themselves and integrity of their code with their software. The end users that download digitally signed 32-bit or 64-bit executable files (.exe, .ocx, .dll, .cab, and more) can be confident that the code is not altered or corrupted.

Ongoing trend observed in the global market is rising adoption of certificate authority services for cloud-based services to provide data and network security. This trend is expected to gain traction in the years to come, thereby supporting growth of the global market.

Market analysis by component:

On the basis of component segmentation, the certificate type segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The services segment is expected to witness highest CAGR of over 9.9%, owing to Increasing adoption of the certificate types that are used to secure data such as transaction details, domain validation, email-verification, and others is one of the major factor driving growth of the certificate types segment.

Market analysis by validation type:

On the basis of validation type segment, organization validation segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The extended validation segment is expected to witness highest CAGR of over 10.2%.

Market analysis by organization size:

On the basis of organization size segment, large enterprises segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The small and medium sized enterprises segment is expected to witness highest CAGR of over 10%

Market analysis by industry verticals:

On the basis of industry vertical segment, banking, financial services, and insurance segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The healthcare segment is expected to witness highest CAGR of over 10.5%.

Market analysis by region:

The North America certificate authority market dominates global market in 2018 and expected to maintain its position in the global market over the forecast period. The prominent presence of digital certificate providers such as GoDaddy Inc., IdenTrust, and Sectigo Limited and major browser makers such as Apple and Google for digital certificates and public key Infrastructure, are some of the factors expected to drive growth of the market in countries in the region

In 2017, North American Energy Standards Board – one of the established Certificate Authorities and specialist in digital certificate security – created a PKI standard to address an ever increasing power grid cyber threat landscape

The Federal Information Security Management Act, a federal law part of the larger E-Government Act of 2002, that made it a requirement for federal agencies to develop, document, and implement an information security, and protection program

The frequency and intensity of data breaches are on the rise worldwide. In addition, increasing cyber-attacks and security breaches, combined with rising cyber security concerns in the different sectors also expected to propel growth of the North America certificate authority market over the forecast period

In August 2018, according to the report published by National Association of Convenience Stores– business sector accounted for 40% of reported breaches, followed by medical (8.3%), government (8.2%) and education (4.5%)

BFSI organizations focus on privacy and security of customer's online transactions and sensitive information

The Gramm-Leach-Bliley Act (GLB Act or GLBA), also known as the Financial Modernization Act of 1999, that seeks to protect the personal information of consumers stored in financial institutions

Rising number of internet users in developing countries and enterprise approach towards protecting certificate generation, revocation, storage and management of data, owing to growing cybercrimes in the region are some of the major factors expected to drive growth of the market in Asia Pacific

In addition, growing sophistication of cyber criminals and increasing awareness among internet users about secure web access is resulting in growing demand for certificate authority in developing countries such as India and China

Moreover, increasing demand for SSL certificate among online businesses, owing to flourishing e-commerce sector in countries such as India and China and increasing need for security assurance is another factor expected to bolster growth of the market in the Asia Pacific

Rapid industrialization in developing countries such as Brazil and Argentina, and rising internet penetration, coupled with increasing government initiatives for development of certificate authority infrastructure are some major factors expected to drive growth of the target market in Latin America

In addition, increasing adoption of Brazil public key infrastructure for wide variety of government applications such as in health sector, electronic bills of sale, work permit, passport, etc. is another factor expected to support growth of the certificate authority market in Brazil

Moreover, increasing digital transaction in the countries, coupled with upgradation of root certification authority by the governments is another factor expected to further support growth of the target market to certain extent in Latin America

In 2018, Brazilian government updated its root certification authority, that issues required certificate to establish a secure sockets layer connection on server side. The current version of root certification authority is AC Raiz v5. the previous version (AC Raiz v2) is deployed only on Microsoft Windows.

Global Certificate Authority Market Segmentation:

Global Certificate Authority Market Segmentation, by Component:

• Certificate Types
  • o SSL Certificates
  • o Secure Email Certificates
  • o Code Signing Certificates
  • o Authentication Certificates
• Services
  • o Support Services
  • o Implementation and Integration Services

Global Certificate Authority Market Segmentation, by Validation Type:

• Extended Validation
• Organization Validation
• Domain Validation

Global Certificate Authority Market Segmentation, by Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Global Certificate Authority Market Segmentation, by Industry Verticals:

• Banking, Financial Services, and Insurance
• Retail
• Government and Defense
• Healthcare
• IT and Telecom
• Travel and Hospitality
• Education
• Others

Global Certificate Authority Market Segmentation, by Region:

• North America
• Europe
• APAC
• Latin America
• Middle East & Africa